but the eu has signaled it is willing to relax rules on spain, which could help soften the austerity measures apparently crippling the country. >> germany may be about to drop its objections to bailing out cyprus. despite misgivings about reports of money laundering by the island's thanks. >> a number of politicians in germany have accused separate banks of holding significant illegal deposits with russian money, something they deny. they had threatened to refuse to finalize a bailout unless the country clean up -- clint of its act, but berlin is reported to have relented after pressure from other eurozone countries. cyprus needs about 17.5 billion euros to keep afloat. >> onto wednesday's market action now, and european shares dropped later in the session, reaction to weak economic data out of the united states. our correspondents and as the summary from the frankfurt stock exchange. -- our correspondent sent us this summary from the frankfurt stock exchange. >> the people here are convinced that the euro sovereign debt crisis is slowly getting better, that the worst may be over, so